October 18 (SeeNews) - Bulgarian security services provider VIP Security has filed for regulatory approval to acquire G4S Security Solutions, part of UK-based G4S, the country's competition watchdog said on Tuesday.
The deal is expected to affect the security services market in Bulgaria, the Commission for Protection of Competition said in a statement on its website.
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VIP Security is fully owned by Sofia-based S Group International, according to Commercial Registry data. The company's activities cover the full range of security services throughout the country for both corporate and private clients. It has over 1,000 employees and 130 specially equipped vehicles. It operates over 220 offices in the country.
G4S Secure Solutions offers security services to banks, insurance companies, retail companies, public institutions and private households. Its portfolio of services include manned security, cash-in-transit, technical security systems.